Teekay Tankers is a global oil-hauling trucking company for the sea, moving crude and refined fuels across oceans on 48 owned or leased double-hull tankers.
Money comes from voyage and time charters, with net margins swinging from 26.89% to 59.53% in recent quarters—recurring but volatile, tied to spot freight rates.
Fleet scale and double-hull safety standards create entry barriers, but rivals like Frontline and Euronav compete fiercely on rates, and spot-market volatility erodes pricing power.
